Easy Rider
New member
The public reason given was that they expected significant growth in the areas where they built new stores and it didn't happen.
I see no reason NOT to believe that explanation.......at least mostly.
Corporate executives that get caught it the MORE, MORE, MORE, GROW, GROW, GROW trap often end up going bankrupt.
MORE is not always better.
P.S. They are under no obligation to explain their actions to anybody........except their stockholders maybe.